Citi and Houlihan Lokey were the top mergers and acquisitions (M&A) financial advisers in the consumer sector during 2024 by value and volume, respectively, according to the latest financial advisers league table by GlobalData, a leading data and analytics company.

An analysis of GlobalData’s Deals Database has revealed that Citi achieved the leading position in terms of value by advising on $39.4 billion worth of deals. Meanwhile, Houlihan Lokey led in terms of volume by advising on a total of 29 deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Citi secured the first rank by value in 2024 but faced close competition from Goldman Sachs. Meanwhile, Houlihan Lokey was comfortably ahead in terms of volume in 2024. It registered growth in the number of deals advised by it in 2024 compared to the previous year. Resultantly, its ranking by volume also improved from second position in 2023 to the top position in 2024.”

Goldman Sachs occupied the second position in terms of value, by advising on $39.1 billion worth of deals, followed by Lazard with $37.5 billion, JP Morgan with $11.7 billion and Nomura with $7.1 billion.

Meanwhile, Ernst & Young occupied the second position in terms of volume with 21 deals, followed by PwC with 15 deals whereas Clairfield International and KPMG jointly occupied the fourth position with 14 deals each.